| |
|
IBO SUSPENDS PROMOTER FOR FAILURE TO PAY THE PURSE OF CHAMPION REY LORETO
By Ronnie Nathanielsz
PhilBoxing.com
Thu, 30 Apr 2015
International Boxing Organization president Ed Levine has informed Games and Amusements Board chairman Ramon Guanzon that the IBO has acted on what Levine described as ?a very distressing situation? after he received a letter from the GAB chairman detailing the failure of the South African promoter Sipatho Handi to pay the purses of light flyweight champion Rey Loreto who won by a 1st round knockout in a rematch with former champion Nkosinati Joyi last March 23 in South Africa.
Levine informed chairman Guanzon ?that at a meeting last week of our Championships Committee the South African promoter was suspended as a licensed promoter for the IBO.?
The IBO president also disclosed that he had ?received correspondence indicating that the South African Government is working to resolve this matter. We are hopeful that this ultimately will lead to the payments due to all concerned parties and most importantly Rey Loreto.?
A total of $45,000 is due both Loreto and Jetly Purisima who figured in a ten round bout on the undercard.
He emphasized that ?If this proves unsuccessful the IBO will certainly cancel the promoters license.?
Click here to view a list of other articles written by Ronnie Nathanielsz.
Recent PhilBoxing.com In-House articles:
Young Gildo: The Baguio Bearcat
By Emmanuel Rivera, RRT, , Tue, 22 Apr 2025Filipino International Master Paulo Bersamina places solo runner-up in the 22nd Bangkok Chess Club Open in Thailand
By Marlon Bernardino, , Tue, 22 Apr 2025Female Amateur Boxing Star Sar’ai Brown-El Signs with Split-T Management
, Tue, 22 Apr 2025Apolinario to fight Hu in Japan
By Lito delos Reyes, , Mon, 21 Apr 2025Warriors Shoot Down Rockets, 95-85 as Celtics, Cavaliers, Thunder Take Care of Business
By Teodoro Medina Reynoso, , Mon, 21 Apr 20252025 USA Boxing International Open Finalized on Saturday
, Mon, 21 Apr 2025Verano to face Thai in Clash of Nations on April 24
By Lito delos Reyes, , Mon, 21 Apr 2025Masangkay to fight Ocampo in JAS on April 23
By Lito delos Reyes, , Sun, 20 Apr 2025Denver Holds Off LA Clippers in OT, 112-110
By Teodoro Medina Reynoso, , Sun, 20 Apr 2025Arca clinches 3rd and final IM norm; Guns for GM norm in last round
By Marlon Bernardino, , Sun, 20 Apr 2025IN HER GOLDEN GIRL ERA: GABRIELA “SWEET POISON” FUNDORA SUCCESSFULLY DEFENDS UNDISPUTED TITLE AGAINST MARILYN BADILLO
, Sun, 20 Apr 2025Fundora Retains Undisputed Flyweight Titles; Perez Shocks Conwell in Oceanside
, Sun, 20 Apr 2025Dalton Smith Drops Mathieu German Three Times, Retains WBC Silver Title
, Sun, 20 Apr 2025Filipino GM Antonio beats Serbia's IM for share of lead in Caberra Chess Tournament
By Marlon Bernardino, , Sun, 20 Apr 2025Villanueva to fight Antaran on April 27 in Gensan
By Lito delos Reyes, , Sun, 20 Apr 2025MASOUD AND MCGRAIL CLASH IN ALL-BRITISH SHOWDOWN
, Sun, 20 Apr 2025Semifinals Conclude at 2025 USA Boxing International Open
, Sun, 20 Apr 2025FM Arca is inching closer to his 3rd and final IM norm
By Marlon Bernardino, , Sun, 20 Apr 2025Weigh-In Results: Fundora and Conwell Ready for Golden Boy Fight Night in Oceanside
, Sat, 19 Apr 2025Undefeated, rising Canadian prospect Eric Basran wins in Opening round to advance to quarterfinals of inaugural Riyadh Season/WBC Boxing Grand Prix in Saudi Arabia
, Sat, 19 Apr 2025WEIGHTS FROM LONG BEACH
, Sat, 19 Apr 2025Weights From Washington, PA
, Sat, 19 Apr 2025Jerald Into Advances in WBC Boxing Grand Prix with Dominant Win Over Ahmad Jones
, Sat, 19 Apr 2025Press Conference Notes: Keyshawn Davis Set for Homecoming Title Defense against Edwin De Los Santos at Norfolk's Scope Arena
, Sat, 19 Apr 2025JAKE PAUL vs JULIO CESAR CHAVEZ JR / ZURDO RAMIREZ vs YUNIEL DORTICOS JUNE 28 in ANAHEIM
, Sat, 19 Apr 2025 |
|
|
|
|
|
